Below are the financial statements of Brady, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 1,341.39a | 1,331.86a | 1,302.06a |
| Cost of goods sold | -653.51a | -674.59a | -670.51a |
| Gross margin | 687.88a | 657.28a | 631.55a |
| Operating expenses | — | — | — |
| Research and development | -67.75a | -61.37a | -58.55a |
| Selling, general and administrative | -376.72a | -370.7a | -379.99a |
| Total operating expenses | -444.47a | -432.06a | -438.54a |
| Operating income | 243.41a | 225.21a | 193.01a |
| Other income (expense) | — | — | — |
| Investment and other income | 7.55a | 4.02a | 0.24a |
| Interest expense | -3.13a | -3.54a | -1.28a |
| Income before income taxes | 247.84a | 225.7a | 191.98a |
| Income tax expense | -50.63a | -50.84a | -42a |
| Net income | 197.22a | 174.86a | 149.98a |
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